Seaport Entertainment Group Reports Third Quarter 2026 Results
Seaport Entertainment reported Q3 2026 revenue of $32.7 million, down 27.4% year-over-year, citing weather-related headwinds in Las Vegas and New York City. Losses narrowed sharply: net loss attributable to common stockholders improved 74.8% to $8.4 million ($0.65 per share), non-GAAP adjusted net loss improved 58.3% to $3.0 million, and operating EBITDA was positive for a second consecutive quarter. The company highlighted new tenant momentum, including the Balloon Museum opening at the Tin Building, over 160,000 square feet of signed-but-unopened leases, and 90% leased or programmed occupancy.
Key figures
- Revenue
- $32,704 thousand
- Revenue Yoy
- -27.4%
- Ytd revenue
- $79,731 thousand
- Debt fixed rate
- 4.9%
- Ytd revenue yoy
- -21.0%
- Debt outstanding
- $38.1 million
- Operating ebitda
- positive for second consecutive quarter
- Q3 eps yoy improvement
- 75.1%
- Q3 net loss yoy improvement
- 74.8%
- Leased or programmed occupancy
- 90%
- Q3 non gaap adjusted net loss yoy
- 58.3% improvement
- Cash cash equivalents and restricted cash
- $110.3 million
AI analysis
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